Competition From Donations And Long Term Government Financing Are Hurdles To John Deere And Caterpillar

In November 2017, Moline, Illinois-based John Deere (2017 revenues approximately US$27 billion) delivered US$755,823.00 in agricultural equipment to the Republic of Cuba for use at its distribution center.  

Peoria, Illinois-based Caterpillar Inc. (2017 revenues approximately US$38 billion) also has a distribution center in the Republic of Cuba.  John Deere reported that the company would provide financing for equipment purchases by authorized Republic of Cuba entities.

From Ganma (2/27/18): Punjab, India-based Sonalika Group (2017 revenues approximately US$682 million) has donated sixty (60) small and medium-sized tractors (assembled in the Republic of Cuba) and farming equipment (including rotary and grass cutters, cultivators, trailers and replacement parts) valued at a combined US$5 million, to Republic of Cuba government-operated Gelma's Agricultural and Livestock Basic Enterprise Unit under the auspice of the Ministry of Agriculture of the Republic of Cuba.

According the the Ministry of Agriculture of the Republic of Cuba, the tractors will be used with protected and semi-protected crops, specifically within in green houses and covered growing spaces.

MINSK, 27 February (BelTA)- MTZ is mulling over the delivery of over 940 tractors to Cuba, Dmitry Schastny, the deputy marketing director of Minsk Tractor Works (MTZ trademark), head of the department for sales in non-CIS countries, said at an international conference of MTZ distribution network entities, BelTA has learned.

In 2017, Minsk Tractor Works delivered 150 tractors to Cuba. The loan to purchase the tractors was allocated by the Development Bank of Belarus in accordance with Decree No.523 to promote the export of goods (works, services). The decree helps MTZ as an exporter to supply equipment to the consumers and get payments. “As regards this transaction the MTZ received the payment instantaneously after the shipment of tractors,” Dmitry Schastny said. MTZ opened a representative office in Cuba and intends to continue to supply large quantities of equipment. Now, together with the Development Bank and Cuban counterparts the company is working on the possibility to supply 943 tractors.